Lebanon’s cabinet, newly formed under Prime Minister Nawaf Salam, has introduced reform initiatives focusing on foreign policy, economic revival, and energy management after a two-year political stalemate. Key ministers outlined strategies to enhance Lebanon’s international position, address power supply issues, and secure regional support while emphasizing the importance of regulatory reforms to attract international aid.
Members of Lebanon’s government have unveiled a series of reform initiatives focused on foreign policy, industrial development, and energy management following the end of a two-year political deadlock. The newly appointed cabinet, led by Prime Minister Nawaf Salam, was formed on February 8 and is now confronted with the urgent need to introduce financial reforms and oversee reconstruction efforts amid escalating regional tensions.
The international community has responded positively to these initiatives, with prominent global and regional stakeholders expressing their support. Foreign Minister Youssef Raji stressed the government’s aim to restore Lebanon’s position within the Arab world and the international realm, emphasizing a commitment to an independent foreign policy under the leadership of President Joseph Aoun and Prime Minister Salam.
Industry Minister Joe Issa El Khoury outlined a strategic plan to leverage Lebanon’s relationships within the Arab region to revive its economy. He emphasized the importance of fostering a secure business environment that promotes competitive production costs while acknowledging the significant security challenges posed by Israeli airstrikes and border tensions with Syria.
El Khoury also highlighted the need to build Lebanon’s industrial policy around its inherent strengths, such as its geographical location, skilled workforce, and natural resources. Energy Minister Georges Sadi introduced a phased strategy to tackle ongoing power supply challenges, prioritizing improvements to electricity availability in the short term before embarking on broader structural reforms.
The minister addressed the critical requirement for a regulatory body, stating that it serves as a legal necessity to secure international support for Lebanon’s energy and telecommunications sectors. He discussed the significance of implementing domestic reforms prior to seeking assistance from international allies, including Saudi Arabia, Qatar, and France.
Sadi remarked, “While we welcome support from friendly nations, we must first demonstrate our commitment to reform by establishing proper regulatory frameworks and developing clear strategic plans.” Additionally, he emphasized the importance of diversifying energy sources, with a particular focus on solar energy, to meet national demands and ensure stability in financing projects and reforms.
In conclusion, Lebanon’s new government has initiated comprehensive reform measures aimed at revitalizing the economy and addressing critical infrastructure needs. With a focus on independent foreign policy, enhanced energy solutions, and regional cooperation, the cabinet aims to restore Lebanon’s standing in the Arab world. International support hinges on the government’s commitment to establishing robust regulatory frameworks and demonstrating progress in domestic reforms.
Original Source: www.intellinews.com
